Warburg Pincus to buy $210m Haitong shares
Warburg Pincus Private Equity has agreed to buy $210 million worth of Haitong shares, thus becoming a cornerstone investor in the Chinese brokerage’s Hong Kong IPO.
The second-largest listed brokerage in China, Haitong plans to sell 1.229 billion shares at HK$9.38-HK$10.58 apiece from December 15. The IPO process could raise up to $1.7 billion, regional media reported....
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